Pune: CBI conducts searches in Rs 81.66-Cr Bank Fraud case against Paper firm
Pune, Oct 29 (TNT) : The Central Bureau of Investigation (CBI) on Thursday conducted searches at several locations in Pune in connection with an alleged bank fraud of Rs 81.66 crore involving Aaj Ka Anand Papers Pvt Ltd, following a complaint by the State Bank of India (SBI).
The case was registered against the company, its directors and unknown public servants on allegations of criminal conspiracy, cheating, criminal breach of trust and manipulation of accounts, causing wrongful loss to SBI, the Agency said in a release.
The agency alleged that the accused suppressed or misappropriated business revenue, altered and falsified books of accounts and electronic records, and diverted funds through current accounts outside designated banking channels without the consent of consortium lenders, in violation of sanction conditions.
Searches were conducted at office premises and residential properties linked to the company’s directors.
Incriminating documents and digital evidence relevant to the investigation were recovered and are being examined to establish the alleged conspiracy, diversion of funds and roles of those involved, the release added.
Further investigation is in progress.
TNT KM
